Some of Friday’s top business news stories:
Associated Press
US jobless claims drop to 787,000, but layoffs remain high, by Christopher Rugaber
Facebook, Twitter CEOs ordered to testify by GOP senators, by Marcy Gordon
CNN
Uber and Lyft must reclassify drivers as employees, appeals court finds, by Sara Ashley O’Brien
Coke is canceling 200 drink brands, by Danielle Wiener-Bronner
The Wall Street Journal
Walmart Files Pre-Emptive Lawsuit Against Federal Government in Opioid Case, by Brent Kendall, Sara Randazzo
Google’s Antitrust Woes Seen Helping Microsoft’s Bing, by Aaron Tilley
CNBC
Warner Bros. says ‘Tenet’ wasn’t a ‘home run,’ ‘not optimistic’ about movie theaters rebounding, by Sarah Whitten
FDA approves Gilead’s remdesivir as coronavirus treatment, by Berkeley Lovelace Jr.
Reuters
Exclusive: Wells Fargo explores sale of asset management business – sources, by David French
Intel’s margins tumble as customers shift to cheaper chips, shares slide 10%, by Stephen Nellis
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